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Investec South Africa Directors to Get £100,000 Security Cover

Investec Ltd., a bank that focuses on high-net-worth individuals in South Africa, will spend as much as £100,000 ($121,520) a year on each of its executive directors’ personal security as crime in the country surges.

A resolution on the cover was approved by shareholders at the lender’s annual general meeting Thursday. The directors previously paid for security from their salaries, according to the bank.